Asset Entities Inc. (NASDAQ:ASST – Get Free Report) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 3,460,000 shares, a growth of 174.6% from the May 15th total of 1,260,000 shares. Currently, 23.5% of the company’s stock are sold short. Based on an average daily trading volume, of 13,710,000 shares, the short-interest ratio is presently 0.3 days.
Insider Buying and Selling
In other news, CFO Matthew Krueger sold 26,400 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $8.23, for a total transaction of $217,272.00. Following the sale, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at $41,150. The trade was a 84.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Michael Gaubert sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $7.44, for a total transaction of $223,200.00. Following the completion of the transaction, the chairman now owns 20,567 shares in the company, valued at approximately $153,018.48. This trade represents a 59.33% decrease in their position. The disclosure for this sale can be found here. 56.47% of the stock is currently owned by insiders.
Asset Entities Trading Down 7.1%
Shares of ASST stock opened at $5.79 on Friday. The company has a market capitalization of $91.32 million, a P/E ratio of -2.98 and a beta of 18.33. Asset Entities has a 12-month low of $0.34 and a 12-month high of $13.42. The business’s 50 day moving average is $4.24 and its two-hundred day moving average is $1.84.
Asset Entities Company Profile
Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.
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